First off, let’s look at the Supply of Inventory, which is currently at 1.86 months. This tells us how long (based on the current pace of sales) it would take for ALL the current homes on the market to sell. A low number like 1.86 indicates a seller’s market, where demand is high and inventory is low.
Next, we have the 12-Month Change in Months of Inventory, which has increased by +5.68%. This means that inventory levels have gone up slightly over the past year (from a not so great year before), but we are still in a seller’s market overall.
The Median Days Homes are On the Market is 15, which is a very short amount of time. This indicates that homes are selling quickly, so if you’re thinking of listing your property, now may be a good time to do so.
The List to Sold Price Percentage is 104.9%, which means that on average, homes are selling for slightly above their listing price. This could be a good sign for sellers looking to maximize their return on investment.
And last, the Median Sold Price is $1,200,000, showing that there are buyers willing to pay top dollar for properties in this market.
Overall, these four benchmarks suggest that it’s a great time to be a seller!
If you’re thinking of putting your home on the market … now may be the perfect opportunity to take advantage of the current market conditions. The Hunter Group is here to assist you every step of the way. With a proven track record of success and a deep understanding of the local real estate market, our team can help you navigate the selling process seamlessly.
Contact Mike Hunter at 978-580-1069to learn more about how we can help you maximize the value.
You might also be interested in: antique style, or more
